The Magnificent 7 Stocks Experience Worst Quarter in Over Two Years

Reported 1 day ago

The 'Magnificent 7' stocks, including major companies like Nvidia, Tesla, and Google, are on track for their worst quarterly performance in over two years, lagging behind the S&P 500 as concerns about economic growth and high tech spending rise. With a significant drop in value, including a 44% decline in Tesla shares, analysts suggest that the future market rebound depends heavily on the performance of these influential stocks, which currently hold a large chunk of the market's capitalization.

Source: YAHOO

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